On 24 July 2015, the Supreme Administrative Court in Warsaw gave its decision in the case of Cyprus company v. Polish Minister of Finance (II FSK 1455/13 – Wyrok NSA z 2015-07-24). The case involved a private investment fund registered in Cyprus (the Applicant), which applied to the Ministry of Finance of Poland for a […]
The Ministry of Finance of Cyprus announce on 08 September 2015 the conclusion of the negotiations with Ukrainian Ministry of Finance. The two Contracting States agreed to a Protocol that will amend the Convention for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect on taxes on income when it expire. […]
Shares in a Cyprus company are treated as being located for legal purposes in Cyprus. Therefore, when a registered shareholder of a Cyprus company dies, her/his shares cannot be transmitted to her/his heirs until, in the case of a will, a grant of probate or, in the case of no will, grant of letters of […]
One of our client, a leading auto component manufacturer in India and Europe is seeking Units for takeover or JV. Ticket size not a challenge but should have good customer base and support. Details can be shared at [email protected] +91-9899799041 CA. Pushpendra Surana Managing Partner S. K. Surana & Co. New Delhi India
Introduction As part of its effort to attract foreign high net worth individuals as well as to attract qualified individuals to relocate and work in the country, either on their own or as part of a group structuring/reorganisation, Cyprus offers some very attractive incentives. These incentives, together with some other advantages that Cyprus has to […]
Introduction The regulatory framework in Cyprus is all-encompassing but still attractive to investment funds for varied investor requirements. An investment fund may be set up in Cyprus either as an Alternative Investment Fund (“AIF”), or as an Undertaking for Collective Investment in Transferable Securities (“UCITS”). Cyprus administers all internationally recognized legal forms of both AIFs […]
As part of its effort to attract foreign high net worth individuals as well as to attract qualified individuals to relocate and work in the country, either on their own or as part of a group structuring/reorganisation, Cyprus offers some very attractive incentives. Amongst these incentives are the Permanent Residence Permit and the Passport/Citizenship Schemes, […]
Cyprus has a comprehensive, modern and forward-looking legal and regulatory framework. Due to the fact that the island was a British colony until 1960, when it became an independent republic, the legal system of Cyprus is widely based on English law with some exceptions. Cyprus employs a common law legal system that prides itself in […]
Soteris Flourentzos was authorised on 17 June 2015 by the Cyprus Bar Association to act as an Insolvency Practitioner, under Section 10 of the Insolvency Practitioners Law N. 64(I)/2015. The recently enacted Insolvency Practitioners Law N. 64(I)/2015 sets minimum standards of qualification and regulation for persons fulfilling the role of insolvency practitioner, and restricts certain […]
Background Following certain amendments made to the Cyprus corporate legislation last year, on 04 June 2015 another important bill was passed into law, that is Amending Companies Law No. 4. Cyprus is regarded as one of the world’s leading corporate and holding jurisdictions. Cyprus success owes much to the firm legal foundation offered by its company legislation, which […]
CPV is a dynamic, fast growing firm of chartered certified accountants dedicated to providing a wide range of services:a. Accounting services,b. Preparation of Financial Statements in accordance with theInternational Financial Reporting Standards (IFRSs),c. Audit of Financial Statements in accordance with the InternationalStandards on Auditing (ISAs),d. Tax compliance and consultancy services,e. Effective tax optimization structures,f. Business […]
Managing a Cyprus Company has many obligations; What are these and do you comply? Webinar Invitation Date: Wednesday 27/05/2015 Time: 11:00 EEST (Limassol / Athens) Duration: 30 minutes (appx) Questions: Time will be allocated at the end of the session Limited places available – please REGISTER NOW to secure your participation. THE WEBINAR With ever increasing regulations and […]